Tag: Mark Dorazio

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Texas House Advances Gold-Backed Digital Currency Bill

May 6, 2023

Texas has taken its first steps in order to approve a bill that would issue a 100% gold-backed digital currency. If enacted as law, the bill, which is being discussed by a Texas House committee, would create an electronic system for users to transact and pay with this digital currency and would also allow them…
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Texas lawmakers propose a gold-backed state digital currency

April 9, 2023

The bills state that the trustee must hold a sufficient amount of gold in reserve for all units of digital currency that have been issued and are still in circulation. Two Texas lawmakers have introduced identical bills for creating a state-based digital currency backed by gold, a move that comes despite objections from several United…
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